Friday, May 21, 2010

SkillSoft Closing Soon

SkillSoft plc (Ticker: SKIL) is pretty much a done deal at this point and is scheduled to close on Wednesday, May 26th. On Thursday, the Irish court gave the final approval and today SSI Investments sold $310 million in notes to fund the deal. I couldn’t believe how the spread did not narrow over this past week. I’ll end up making 1% over a 3 week period (~ 17% annualized return). I’ll take it even though it’s just small change...


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